Chicago Business Barometer Falls More Than Expected In March

3/30/2012 9:53 AM ET

After jumping to a ten-month high in the month of February, the Institute for Supply Management - Chicago's index of regional business activity fell by month than expected in March, according to a report released by the group on Friday.

The ISM Chicago said its business barometer fell to 62.2 in March from 64.0 in February, although a reading above 50 still indicates an increase in business activity. Economists had expected the index to show a more modest drop to a reading of 63.0.